
Dow jumps 520 points as investors cheer inflation slowdown
Signs that inflation is continuing to cool helped propel Wall Street to its strongest month in more than a year.
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Signs that inflation is continuing to cool helped propel Wall Street to its strongest month in more than a year.
Oil prices rose 5% Friday amid the war between Israel and Hamas. J.D. Durkin, host of "The Street," joins CBS News to discuss what the spike means for U.S. investors.
San Francisco-based grocery delivery company Instacart made its Nasdaq debut on Tuesday, closing at about a 12% gain. Natalie Lung, a technology reporter for Bloomberg, joins CBS News to discuss Instacart's transition to a public company.
Fitch Ratings, one of three major credit firms, downgraded the U.S. credit rating from AAA to AA+ on Tuesday. The Dow Jones, Nasdaq and S&P 500 all closed in the red one day after the news. Bharat Ramamurti, National Economic Council deputy director, joined CBS News to discuss how the Biden administration is reacting to the downgrade.
An extreme summer heat wave has blanketed most of the U.S. this week. Excessive heat is currently estimated to cost the U.S. economy $100 billion annually. TheStreet host J.D. Durkin and Axios economics reporter Courtenay Brown join CBS News to break down the economic impact of climate change.
Since Juneteenth gained formal recognition in 2021 as a national U.S. holiday, all non-essential federal offices close in observance.
The Dow Jones, the S&P 500 and the Nasdaq closed in the green Friday, as investors reacted to negotiators making progress in the debt ceiling standoff. Javier David, Axios managing editor for business and markets, and J.D. Durkin, host of TheStreet, joined CBS to explain what the numbers mean for investors and the economy.
Stocks closed in the green Wednesday, as investors react to the debt ceiling negotiations and new earnings data. Wall Street Journal markets reporter Hannah Miao joined CBS to explain what the information means for investors and consumers.
Stocks closed relatively flat as investors reacted to new consumer debt and mortgage data. Sanders Morris Harris chairman George Ball spoke with CBS News about what the numbers mean for investors and the economy.
The Dow Jones ended the day in the red Thursday, as investors react to new consumer price index and producer price index data. Opus: Advice First CEO Nancy Daoud spoke with Lana Zak and Errol Barnett about what the new numbers mean for the economy.
Stocks closed flat Tuesday as investors await an agreement on the federal debt ceiling and new economic data on inflation. AlphasFuture founder and investment manager Geetu Sharma joined CBS News to discuss what the new information will mean for investors.
The Dow Jones fell more than 200 points Thursday as regional bank stocks plummeted. Wall Street Journal banking and finance reporter Ben Eisen spoke with CBS News' Lana Zak and Errol Barnett about what the development means for investors.
Stocks fell Wednesday after the Federal Reserve raised U.S. interest rates by a quarter of a percentage point. Wall Street Journal economics reporter Harriet Torry spoke with CBS News about how the increase impacts investors and consumers.
The Dow Jones slid by more than 300 points Tuesday, as investors react to plunging regional bank shares. Landsberg Bennett, chief investment officer for Private Wealth Management, joined CBS News to discuss what the developments could mean for the economy going forward.
Stocks closed flat Monday following the FDIC's seizure and sale of First Republic Bank. And the Fed is expected to make its latest decision on interest rates soon. CapWealth Chief Investment Officer Tim Pagliara joined CBS News to discuss what the developments mean for the market and economy going forward.
The stock market closed in positive territory Thursday despite the latest GDP report from the the Commerce Department showing that the economy grew at an annual rate of only 1.1% in the first quarter of 2023. Lori Bettinger, president of BancAlliance, spoke with CBS News about what the latest GDP figures mean for investors and consumers going forward.
The Dow Jones closed in the red Wednesday as investors reacted to earnings reports and falling shares of First Republic Bank. Axios markets correspondent Emily Peck joined CBS News to discuss what this means for investors and the economy.
Stocks closed in the red across the board Tuesday, as investors react to first quarter earnings reports. CenterSquare senior investment strategist Uma Moriarity spoke with Errol Barnett about what the results mean for investors going forward.
Stocks closed down slightly on Thursday as investors reacted to mixed earnings reports and new weekly jobless claims numbers. CenterSquare Investment Management senior strategist Uma Moriarity joined CBS news to discuss what the developments mean for investors.
The stock market closed relatively flat Wednesday, as investors react to new earnings reports from large businesses. Opus: Advice First CEO Nancy Daoud spoke with CBS News' Errol Barnett and Lana Zak about how the numbers could impact the market going forward.
The stock market closed relatively flat Wednesday following the release of the new inflation data in the Consumer Price index. BancAlliance president Lori Bettinger joined CBS News to discuss what the information means for investors.
The Dow Jones closed Tuesday in the green, as investors await reports on the March consumer and producer price indexes. Axios Business reporter Nathan Bomey spoke with Lana Zak and Lilia Luciano about how the information could impact future interest rate hikes.
The stock market closed relatively flat Monday, after being closed for Good Friday. The lack of movement comes days ahead of the release of the March consumer and producer price index reports. Waddell and Associates CEO David Waddell spoke with CBS News about what investors can expect.
The stock market closed higher Thursday as President Biden called for increased oversight into banking regulations. New Constructs CEO David Trainer joined CBS News to break down investors' reactions.
CBS News business analyst Jill Schlesinger and J.D. Durkin, host of "The Street," join Errol Barnett and Elaine Quijano to discuss this week's market movers on Wall Street.
Israel is pounding targets in the southern Gaza Strip, intensifying a renewed offensive after a weeklong truce with Hamas and giving rise to renewed concerns about civilian casualties.
The former New Jersey governor fell short of the minimum 2,000 signatures needed from Maine voters to qualify for the state's Republican presidential primary.
Cases of other respiratory illnesses, including flu and RSV, are also on the rise.
Methane is an invisible gas that is rapidly heating up the atmosphere.
Other labor organizations have shared their support for a cease-fire in the war-torn region.
The U.S. Attorney's Office identified the alleged perpetrator as 52-year-old John Turscak. He now faces charges of attempted murder, assault with intent to commit murder, assault with a dangerous weapon, and assault resulting in serious bodily injury.
Sandra Day O'Connor was appointed to the U.S. Supreme Court by President Ronald Reagan in 1981, and she retired in 2006.
Judge Tanya Chutkan ruled that former President Donald Trump cannot be shielded from criminal protection after leaving office for alleged conduct from his time in office.
This comes after Los Angeles officials reported Friday that they are seeking a suspected serial killer in the murders of three homeless people this week.
The former New Jersey governor fell short of the minimum 2,000 signatures needed from Maine voters to qualify for the state's Republican presidential primary.
Methane is an invisible gas that is rapidly heating up the atmosphere.
Israel is pounding targets in the southern Gaza Strip, intensifying a renewed offensive after a weeklong truce with Hamas and giving rise to renewed concerns about civilian casualties.
This comes after Los Angeles officials reported Friday that they are seeking a suspected serial killer in the murders of three homeless people this week.
The 5th U.S. Circuit Court of Appeals upheld a lower court ruling and ordered Texas to stop any work on the roughly 1,000-foot barrier.
General Motors projects subscription fees to bring in as much as $25 billion a year by 2030.
Retail giant joins other big advertisers that are distancing themselves from X following Musk's support for an antisemitic post.
Mortgage rates recently hit their highest levels in more than two decades, pricing many out of the market. Here's what to expect in 2024.
Cantaloupes contaminated with the bacteria have been linked to more than 100 illnesses and two deaths, health officials said.
Ordered something online you want to return? Some retailers say, "Keep it," and they'll still give you your money back.
Other labor organizations have shared their support for a cease-fire in the war-torn region.
The former New Jersey governor fell short of the minimum 2,000 signatures needed from Maine voters to qualify for the state's Republican presidential primary.
The House has voted to expel Santos. That triggers a special election to replace him in New York's 3rd Congressional District.
The 5th U.S. Circuit Court of Appeals upheld a lower court ruling and ordered Texas to stop any work on the roughly 1,000-foot barrier.
Judge Tanya Chutkan ruled that former President Donald Trump cannot be shielded from criminal prosecution after leaving office for alleged conduct during his time in office.
Cases of other respiratory illnesses, including flu and RSV, are also on the rise.
What to know about the pneumonia cases affecting children in the U.S., as well as expert advice on how to protect kids from respiratory illnesses.
A federal court had ordered the company to pause making and selling its products.
The end of the year is approaching, which means it's time to think about what's left in your Flexible Spending Account, or FSA, before you lose it. Here's what you can spend the balance on.
For most of her life, CBS News Philadelphia anchor Aziza Shuler hid her battle with alopecia. Recently, the weekend anchor opened up about her experience with the condition, and is sharing her story with CBS News' David Begnaud.
Israel is pounding targets in the southern Gaza Strip, intensifying a renewed offensive after a weeklong truce with Hamas and giving rise to renewed concerns about civilian casualties.
The city of Bologna is building a protective fence around the iconic Garisenda Tower in case it collapses.
"At 70 years when I'm considered weak, unable to get pregnant and deliver, or look after a baby, and here is a miracle of the twins," the mother said.
Beyoncé attended a star-studded premiere in London with guests such as Taylor Swift, who debuted her own concert film earlier this year and received support from Beyoncé.
Ukrainian leader Volodymyr Zelenskyy says a lack of necessary weapons from allies is partly to blame for the slow progress in his country's counteroffensive against Russia.
Veteran indie rockband Beach Fossils was formed 15 years ago in Brooklyn by frontman Dustin Payseaur. They've earned a loyal fanbase and recently toured with Post Malone before heading out on their own, ongoing headline tour. From their latest album "Bunny," here's Beach Fossils with "Run to the Moon."
Veteran indie rockband Beach Fossils was formed 15 years ago in Brooklyn by frontman Dustin Payseaur. They've earned a loyal fanbase and recently toured with Post Malone before heading out on their own, ongoing headline tour. From their latest album "Bunny," here's Beach Fossils with "Sleeping On My Own."
Veteran indie rockband Beach Fossils was formed 15 years ago in Brooklyn by frontman Dustin Payseaur. They've earned a loyal fanbase and recently toured with Post Malone before heading out on their own, ongoing headline tour. From their latest album "Bunny," here's Beach Fossils with "Don't Fade Away."
Beyoncé attended a star-studded premiere in London with guests such as Taylor Swift, who debuted her own concert film earlier this year and received support from Beyoncé.
In a legal battle between one of pop music's most iconic duos, Hall and Oates, a judge has sided with Daryl Hall's request to temporarily block his former parter, John Oates, from selling his share of the group's business partnership. CBS News' Vlad Duthiers has more.
Automakers, including General Motors, Ford and BMW, are charging drivers subscription fees to use certain state-of-the-art features, such as remote locking and hands-free cruise control. Carter Evans has details.
Amazon has introduced a new chatbot powered by artificial intelligence, called Amazon Q. The AI assistant is focused on assisting businesses, not consumers. Jason Hinder, editor-in-chief for ZDNET, joined CBS News to discuss the new chatbot.
What happens when a legacy media outlet turns to artificial intelligence? Seth Lewis, professor and director of journalism at the University of Oregon, joins CBS News to dig into the recent reporting about Sports Illustrated and AI — and what it reveals about the future of news.
A major ransomware attack affected 30 hospitals and more than 200 health care sites across six states. CBS News homeland security and justice reporter Nicole Sganga looks at what happened to some patients.
The billionaire owner of X took a defensive tone, saying that "the whole world will know that those advertisers killed the company."
The U.S. will participate in the United Arab Emirates' declaration to promote sustainable agriculture, Secretary of State Antony Blinken announced at the COP28 climate summit in Dubai. CBS News national correspondent Dave Malkoff joins to unpack the overarching goals of the conference.
The Wildlife Conservation Society believes preserving nature can help solve the problems associated with climate change. Monica Medina, president and CEO of the Wildlife Conservation Society, joined CBS News to talk about her organization's goals at the COP28 climate summit in Dubai.
The United Nations Climate Change Conference, known as COP28, kicked off Thursday in Dubai, and delegates already agreed to a major deal. CBS News senior national and environmental correspondent Ben Tracy has more.
World leaders working to combat climate change kicked off the annual COP28 climate summit Thursday by adopting a loss and damage fund for natural disasters. CBS News senior national and environmental correspondent Ben Tracy has more.
The annual United Nations climate summit, COP28, is officially underway with world leaders seeking agreement on goals and strategies to address climate change. CBS News' Anne-Marie Green has more on what these summits do and why they are important. And CBS News senior national and environmental correspondent Ben Tracy has a look at President Biden's climate change record.
This comes after Los Angeles officials reported Friday that they are seeking a suspected serial killer in the murders of three homeless people this week.
Dec. 7, 2023, marks 30 years since a gunman killed six people and injured 19 others on a Long Island railroad train. CBS New York reporter Carolyn Gusoff speaks with survivors about the state of U.S. gun laws.
Federal prosecutors said former Minneapolis police officer Derek Chauvin, who was found guilty of murdering George Floyd, was stabbed 22 times by a fellow inmate in a federal prison in Arizona last month. The 52-year-old suspect has been charged with attempted murder.
Prosecutors say a man staged his wife's death 24 hours before they were expected to be evicted from their home to save himself from shame.
The U.S. Attorney's Office identified the alleged perpetrator as 52-year-old John Turscak. He now faces charges of attempted murder, assault with intent to commit murder, assault with a dangerous weapon, and assault resulting in serious bodily injury.
NASA is facing challenges with SpaceX's moon lander and the new Axiom spacesuits for moonwalkers.
Astronomers have discovered six planets orbiting a bright, nearby star in perfect synchrony like a grand cosmic orchestra.
Scientists have discovered a six-planet solar system in the Milky Way that astronomers say has been untouched by outside forces since its birth billions of years ago. The six planets orbit a star "perfectly" in sync. Derrick Pitts, chief astronomer at the Franklin Institute, joined CBS News to talk about the discovery.
NASA revealed multiple new panoramic images of clouds and dust in Mars' skies, as well as one of its tiny two moons, taken last May.
North Korea attempted to launch a surveillance satellite into orbit two other times this year without success.
Matthew Trussler was found dead at the home he shared with his fiancée Melissa Turner. See the evidence that led to authorities piecing together his death.
Marlene Warren answered the door to her Wellington, FL, home and was fatally gunned down by a mysterious clown. Despite eyewitnesses, circumstantial evidence, and the identification a suspect early on, it would take more than 30 years for her killer to face justice.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
The Illinois mom wrote, "If something ever happens to me, please make sure the number one person of interest is Tim." Take a look at the evidence that led to Tim Bliefnick's arrest.
Inside South Carolina's "trial of the century" — how investigators built their case
A woman set herself on fire outside the Israel consulate in Atlanta in what officials called an act of political protest. Meanwhile, Russian president Vladimir Putin signed an order to add thousands of more troops to the war in Ukraine. All that and all that matters in today’s Eye Opener.
The House voted by an overwhelming 311-114 margin Friday to expel embattled Republican Rep. George Santos of New York. Santos became just the sixth House member in U.S. history to be expelled. The move followed a scathing report from the House Ethics Committee that determined Santos, who is facing federal charges, had misused campaign funds. Scott MacFarlane has the latest.
Veteran indie rockband Beach Fossils was formed 15 years ago in Brooklyn by frontman Dustin Payseaur. They've earned a loyal fanbase and recently toured with Post Malone before heading out on their own, ongoing headline tour. From their latest album "Bunny," here's Beach Fossils with "Run to the Moon."
Veteran indie rockband Beach Fossils was formed 15 years ago in Brooklyn by frontman Dustin Payseaur. They've earned a loyal fanbase and recently toured with Post Malone before heading out on their own, ongoing headline tour. From their latest album "Bunny," here's Beach Fossils with "Sleeping On My Own."
Veteran indie rockband Beach Fossils was formed 15 years ago in Brooklyn by frontman Dustin Payseaur. They've earned a loyal fanbase and recently toured with Post Malone before heading out on their own, ongoing headline tour. From their latest album "Bunny," here's Beach Fossils with "Don't Fade Away."